Steel Industry

The steel industry refers to the sector of the economy that is involved in the production, processing, and distribution of steel, a strong and durable alloy primarily made from iron and carbon. This industry encompasses various stages, including mining of iron ore, processing of raw materials, manufacturing of steel products, and recycling of steel materials. The steel industry is vital for various sectors such as construction, automotive, manufacturing, and infrastructure, as steel serves as a fundamental material for buildings, vehicles, machinery, and tools. The industry is characterized by large-scale operations, significant capital investment, and complex supply chain logistics. It also faces challenges such as environmental impacts, energy consumption, and fluctuations in global demand and prices.